Notwithstanding a firm global trend, prices of both precious metals - gold and silver - slipped in the bullion market today, due to sluggish demand at existing high levels.
While gold fell by Rs. 30 to Rs. 20,490 per 10 grams, silver declined by Rs. 50 to Rs. 45,750 per kg.
Traders said firming trends in overseas markets, which normally sets the price trend on domestic front, failed to boost the trading sentiments for both the metals.
The yellow metal rose by 0.3 per cent to $ 1,360.57 an ounce in the Asian region.
On the domestic front, gold of 99.9 and 99.5 per cent purity declined by Rs. 30 each to Rs. 20,490 and Rs. 20,370 per 10 grams, respectively. However, sovereign remained flat at Rs. 16,900 per piece of eight grams in limited deals.
In line with the general weakening trend, silver ready declined by Rs. 50 to Rs. 45,750 per kg, and weekly-based delivery went down by Rs. 95 to Rs. 45,415 per kg.
However, silver coins gained Rs. 100 to Rs. 50,400 for buying and Rs. 50,500 for selling of 100 pieces, on account of the ongoing marriage season demand.
